{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='US Fed Reserve chief predicts interest rate hike' data-url='/boclips/videos/5c54bf6fd8eafeecae1431e3' data-video-url='/boclips/videos/5c54bf6fd8eafeecae1431e3' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUS Fed Reserve chief predicts interest rate hike\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Federal Reserve Chairman Alan Greenspan then pans to committee2. Greenspan3. SOUNDBITE (English) Alan Greenspan, Federal Reserve Chairman:\"Looking forward, the prospects for sustaining solid economic growth in the period ahead are...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Federal Reserve Chairman Alan Greenspan then pans to committee\u003cbr/\u003e2. Greenspan\u003cbr/\u003e3. SOUNDBITE (English) Alan Greenspan, Federal Reserve Chairman:\u003cbr/\u003e\"Looking forward, the prospects for sustaining solid economic growth in the period ahead are good. Monetary policy remains quite accommodative, with short-term real interest rates still close to zero. In addition, fiscal policy will likely continue to provide considerable impetus to domestic spending through the end of this year.\"\u003cbr/\u003e4. Committee member listening\u003cbr/\u003e5. Committee\u003cbr/\u003e6. SOUNDBITE (English) Alan Greenspan, Federal Reserve Chairman:\u003cbr/\u003e\"As I have noted previously, the federal funds rate must rise at some point to prevent pressures on price inflation from eventually emerging. As yet, the protracted period of monetary accommodation has not fostered an environment in which broad-based inflation pressures appear to be building. But the Federal Reserve recognises that sustained prosperity requires the maintenance of price stability and will act, as necessary, to ensure that outcome.\"\u003cbr/\u003e7. Greenspan, pan to committee \u003cbr/\u003eFederal Reserve Chairman Alan Greenspan told Congress on Wednesday that America's economic recovery has good momentum and that low, short-term interest rates would have to rise at some point, though he didn't say when.\u003cbr/\u003eGreenspan, in an upbeat tone about the economy, noted a much-awaited improvement in the hiring climate after a long period in which an uneven economic recovery had failed to produce significant increases in the nation's payrolls.\u003cbr/\u003eHe also noted that the fall in the value of the US dollar and a strengthening global economy were adding to pricing pressures at home.\u003cbr/\u003eWhile stressing that inflation currently remains low, he said it was the job of the Federal Reserve to be stay on the alert for an unwelcome flare-up in inflation.\u003cbr/\u003eSince last June, Greenspan and his colleagues have held the federal funds rate -- a key short-term interest rate -- at 1 percent, the lowest since 1958. 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